103
In forceInvestments
Part 4Planning and financial management
Division 4Financial management
103 Investments
A Council may invest any money—
(a)
in Government securities of the Commonwealth; and
(b)
in securities guaranteed by the Government of Victoria; and
(c)
with an ADI; and
(d)
with any financial institution guaranteed by the Government of Victoria; and
(e)
on deposit with an eligible money market dealer within the meaning of the Corporations Act; and
(f)
in any other manner approved by the Minister, either generally or specifically, to be an authorised manner of investment for the purposes of this section.
This Act’s bill:Explanatory memorandumSecond reading speech
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